INTCO RECYCLING(SH:688087) Shang Hai Zheng Quan Bao·2025-06-17 20:48Core Viewpoint - The company, Yingke Recycling Resources Co., Ltd., has announced an adjustment to the maximum repurchase price of its shares following the implementation of its 2024 annual profit distribution plan, reducing the price from RMB 41.44 to RMB 41.38 per share [2][5]. Group 1: Share Repurchase Plan - The company plans to repurchase its shares using its own funds and a special loan for stock repurchase, with a total repurchase amount between RMB 40 million and RMB 80 million [2]. - The repurchase price cap has been adjusted to not exceed RMB 41.38 per share, with the repurchase period lasting up to 12 months from the board's approval date [5][6]. - The number of shares to be repurchased has been recalculated to range from 966,651 to 1,933,301 shares, which represents approximately 0.52% to 1.03% of the company's total share capital [5][6]. Group 2: Profit Distribution Plan - The company will distribute a cash dividend of RMB 0.06 per share (including tax) based on a total share capital of 187,226,610 shares, amounting to a total cash dividend of RMB 11,233,596.60 [3][13]. - The record date for the dividend distribution is set for June 23, 2025, with the ex-dividend date on June 24, 2025 [3][10]. - The profit distribution plan was approved during the annual shareholders' meeting held on May 20, 2025 [10]. Group 3: Regulatory Compliance - The company will adjust the repurchase price cap in accordance with regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange if any capital changes occur during the repurchase period [4]. - The company commits to adhering to relevant regulations and will disclose information regarding the progress of the share repurchase in a timely manner [7].